Value broker

Value Broker
Financial & Investment Dictionary:
Value Broker
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Value broker
A discount broker whose rates are a percentage of the dollar value of each transaction.
Value date ...

the sum of the values of the individual assets that make up the group of assets. Or, the principle that the net present value of a set of independent projects is just the sum of the net present values of the individual projects.
Value broker ...

those trading at least 500 shares, or for those trading in high-priced shares, who would otherwise pay a percentage of the dollar amount. Those trading in small numbers of shares, or lower-priced ones, may pay lower commissions with a value broker , ...

See also: Discount broker, Values, Expense, Voluntary liquidation, Volume discount